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Edward Harrison 7661 posts 575 comments

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

Daily

Policy errors during a balance sheet recession and 25% unemployment

Edward Harrison May 14, 2020

I ended yesterday's post writing that the only thing one could predict with certainty was that there will be policy errors going forward. When faced with so much uncertainty on both the healthcare front and on economic policy, it's…

Daily

Hope reigns supreme despite the poor economic outlook

Edward Harrison May 13, 2020

I took a hiatus from writing for a few days to see if I could get a clearer perspective. But, the reality is that there is no visibility to anything going forward. Making longer-term predictions is probably a fool's errand then.…

Political Economy

The jobs picture, coronavirus response protocols and mental health

Edward Harrison May 8, 2020

I am waiting for the jobs numbers out of the US as I begin this post. On Wednesday, we got a preview via the private sector unemployment numbers released by ADP. They showed a loss of more than 20 million jobs, which was pretty much in line…

Daily

Handicapping economic outcomes after the third phase of recession

Edward Harrison May 6, 2020

We are now entering the insolvency phase of this recession, where, despite government's best efforts, the weakest companies go under and unemployment rises. This shakeout will take months. But the economy will rebound out of recession well…

Daily

Sweden’s economy holding up as the rest of Europe suffers

Edward Harrison May 5, 2020

Although the title of this post focuses on Sweden, I intend it to mostly be a links post with various sub-themes. The idea is to share the news flow I am seeing across different countries. Since this is the first links post in a while,…

Daily

Entering the third phase of recession

Edward Harrison May 4, 2020

Last week, a friend from business school who I met up with in New York in early March told me she had taken an antibody test for coronavirus and came back positive. Her first thought was about donating blood, whereas my first thought was…

Political Economy

My take on the three d’s of depression

Edward Harrison Apr 30, 2020

Real quick here because I am a bit under the weather The snapback This morning I retweeted a tweet by former Fed economist Claudia Sahm about the dire economic numbers in the US, saying: Can we call this a depression already? What…

Daily

Gauging post-lockdown economic outcomes as the US economy contracts 4.8%

Edward Harrison Apr 29, 2020

The model I have a bit of a problem. I am not sure how to put today's post together. What I plan to dissect is the economic outlook as we escape coronavirus lockdowns. But, economies are so complex and the outlook is so uncertain that it's…

Daily

Negative sentiment, the oil price collapse and re-opening business

Edward Harrison Apr 28, 2020

Today's newsletter is going to be more of a potpourri from the international economic and market news flow than a theme-specific post. Before I proceed, let me say a few words about the dire sentiment associated with this pandemic. Negative…

Daily

Bullish thoughts about Europe’s recovery

Edward Harrison Apr 27, 2020

It's easy to get pessimistic, looking at the economic outlook from the US, which has been a laggard during the coronavirus pandemic. The United States has a ways to go before a semblance of economic normalcy returns. But I have been…

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